Out of the Frying Pan…

Obamacare “imposes a new sales tax on health insurance that starts at $8 billion in 2014, increase to $14.3 billion in 2018, and will continue to increase each year,” AHIP explains to introduce the study on the Health Insurance Tax (HIT). Although the government taxes the health insurance providers, the Congressional Budget Office acknowledged in 2009 that the cost “would be passed on to purchasers and would ultimately raise insurance premiums by a corresponding amount.”

In ten years, that’s an extra $10,000 per family of four. Howls of protest from families feeling the pinch will result in the single payer system Obama wanted all along.

Then they’ll really own us.

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1.
rbj

“Although the government taxes the health insurance providers, the Congressional Budget Office acknowledged in 2009 that the cost “would be passed on to purchasers and would ultimately raise insurance premiums by a corresponding amount.””

Wait, businesses pass on increased costs, including higher taxes, on to their customers? Who could have foreseen that? Besides, that is, anyone who has a clue about economics.

It’s not that the economy stops, it’s that the CBO’s model of the economy goes “SPROING”. The economy will keep going, we’ve been trading longer than we’ve been human, we just have no idea what it will look like.